Wednesday, July 25, 2007

Earnings Focus

AAPL is extremely volatile in after hours trading as it announces blow out earnings of 92 cents a smashing estimates of 72 cents. However guidance for the 3rd quarter was offered at 65 cents a share well below the average estimate of 83 cents.
AAPL will be a good buy below $120 in my opinion and it should get there in a week ot two.

AKAM is being beaten up after hours despite beating revenue estimates and meeting profut estimates. Q3 guidance was a little weak. AKAM is a great buy under $40.

BIDU is going through the roof as earnings come in at 54 cents vs consensus of 43 cents. The stock is up over 20% in after hours. BIDU is a position I have had since it was in the 90s and I may take more profits here.

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